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Acquisitions and Divestitures News in Egypt

Abu Sennan Transaction Update
Abu Sennan Transaction Update 10/7/2019 - Rockhopper Exploration plc (RKH), the oil and gas exploration and production company with key interests in the North Falkland Basin, is pleased to provide the following progress update in relation to ...
BP to Divest Mature Oil Assets in Egypt to Dragon Oil
BP to Divest Mature Oil Assets in Egypt to Dragon Oil 6/3/2019 - BP has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dragon Oil, the Dubai-based oil and gas company. Under the terms of the agreement, Dragon Oil will purchase producing a...
BP Nears Sale of Stake in Egyptian Oil Firm to Dragon Oil
BP Nears Sale of Stake in Egyptian Oil Firm to Dragon Oil 5/23/2019 - BP is nearing the sale of its stake in a major Egyptian oil and gas company to Dubai-based Dragon Oil for over $600 million, industry and banking sources said. ...
Eni Granted Two Exploration Blocks Onshore Egypt
Eni Granted Two Exploration Blocks Onshore Egypt 2/15/2019 - Eni has been granted by Egyptian Authorities two exploration blocks onshore Egypt. The first block, “South East Siwa” (Eni 100%), has been assigned within the EGPC 2018 competitive bid round. The bloc...
Egypt Awards 12 New Concessions for 2018 Bid Rounds
Egypt Awards 12 New Concessions for 2018 Bid Rounds 2/13/2019 - Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla announced the winners in the largest ever oil and gas exploration and production bid round, on the sidelines of the Egypt Petroleum ...
DEA Awarded New Licence in the Onshore Nile Delta
DEA Awarded New Licence in the Onshore Nile Delta 2/12/2019 - The Egyptian Natural Gas Holding Company (EGAS) has awarded one new licence to DEA in its 2018 Bid Round. The East Damanhour exploration block (originally offered as Block 10) is covering 1,418 square...
EDF Unit Is Said to Draw Neptune, Warburg for Oil & Gas Assets
EDF Unit Is Said to Draw Neptune, Warburg for Oil & Gas Assets 1/9/2019 - Electricite de France SA’s Italian unit has attracted potential bidders including Neptune Energy and Warburg Pincus’s Apex International Energy for its oil and gas business, people familiar with the m...
Egypt Approves BP Acquisition of 25% Stake in Eni's Nour Concession
Egypt Approves BP Acquisition of 25% Stake in Eni's Nour Concession 12/9/2018 - Eni has announced that the sale of a 20% participating interest to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company, and a 25% participating interest to BP in the Nour Nort...
Eni Sells 20% Stake in Nour North Sinai Concession to Mubadala
Eni Sells 20% Stake in Nour North Sinai Concession to Mubadala 11/12/2018 - The Chief Executive Officer of Petroleum & Petrochemicals, Mubadala Investment Company, and Chairman of Mubadala Petroleum, Musabbeh Al Kaabi, and the Chief Executive Officer of Eni, Claudio Descalzi,...
Blue Water Energy to Enter Partnership with Apex International
Blue Water Energy to Enter Partnership with Apex International 10/22/2018 - Apex International Energy, an independent oil and gas exploration and production company focused on Egypt and other Middle Eastern and North African countries (MENA), today announced that affiliates o...
SDX Provides Update on Potential Acquisition
SDX Provides Update on Potential Acquisition 10/18/2018 - SDX Energy Inc., the North Africa focused oil and gas company, announces that, further to the announcement made on 20 September 2018, discussions regarding its proposed acquisition of a significant pa...
Eni Granted New Exploration License Offshore Egypt
Eni Granted New Exploration License Offshore Egypt 8/14/2018 - Eni announces that a new Concession Agreement, aimed at governing an offshore exploration license in the prolific East Nile Delta Basin of the Mediterranean Sea, has received approval by Egyptian auth...
Lease Extension for Key Assets in Egypt Nile Delta & in the Western Desert
Lease Extension for Key Assets in Egypt Nile Delta & in the Western Desert 8/13/2018 - Eni announces that Egyptian Authorities have authorized a new Nile Delta Concession Agreement allowing a ten-year extension of the Abu Madi West Development Lease (203 km2), where the Nooros field is ...
Eni Completes 10% Stake Sale in Shorouk Concession, Offshore Egypt
Eni Completes 10% Stake Sale in Shorouk Concession, Offshore Egypt 6/20/2018 - Eni has finalized a 10% stake sale in the Shorouk concession to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company. The Shorouk concession is offshore Egypt, where the superg...
BP Seeking Buyers for Stake in Ageing Egyptian Business
BP Seeking Buyers for Stake in Ageing Egyptian Business 3/15/2018 - BP is seeking buyers for its stake in a 50-year-old oil and gas business in Egypt as it focuses on newer deepwater gas fields off the country’s Mediterranean coast, banking sources said. ...
Eni Sells to Mubadala A 10% Stake in the Shorouk Concession
Eni Sells to Mubadala A 10% Stake in the Shorouk Concession 3/11/2018 - Eni has agreed to sell to Mubadala Petroleum, a wholly owned subsidiary of Mubadala Investment Company, a 10% stake in the Shorouk concession, offshore Egypt, where Zohr's super-giant gas field is loc...
Signing of Upstream Agreement in the Gulf of Suez
Signing of Upstream Agreement in the Gulf of Suez 11/11/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources signed a new upstream agreement in East Esh El Malaha area” Offshore Magawish” between EGPC and Trident Petroleum with total investment...
Rosneft Closes the Deal to Acquire a 30% Stake in Zohr Gas Field
Rosneft Closes the Deal to Acquire a 30% Stake in Zohr Gas Field 10/9/2017 - Rosneft closed the deal to acquire a 30% stake in the concessions agreement for the development of Zohr field, the largest gas field in the Mediterranean Sea, from Italian company Eni S.p.A. ...
GlobalConnect Receives Final Approval of Acquisition of 25% in Abu Sennan
GlobalConnect Receives Final Approval of Acquisition of 25% in Abu Sennan 10/3/2017 - GlobalConnect Ltd, a newly established Oil and Gas Exploration and Production company with focus on MENA (Middle East and North Africa) region, has announced the final approval of Egypt government of ...
Apex International Signs Two Concession Agreements in Egypt
Apex International Signs Two Concession Agreements in Egypt 8/29/2017 - Apex International Energy has signed two concession agreements for 1.7 million acres encompassing the West Badr el Din (4,180 km 2) and South East Meleiha (2,535 km 2) concessions, located in the prol...

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